Afcons Infrastructure was listed at ₹426 on the NSE and at ₹430.05 on the BSE, both of which are lower than the originally targeted ₹440-463 price band

Afcons Infrastructure IPO listing date is today, November 4, 2024. Stock market analysts and the trends in Afcons Infrastructure IPO GMP ahead of share listing indicate a flat debut of shares today.

The stocks of the company, after its IPO, launched on October 25 and closed on October 29, listed its shares on the stock exchange today with slightly rocky start. The stock opened at Rs 426 on the National Stock Exchange (NSE), an 8 per cent discount from its issue price of Rs 463 apiece.

Another Rs 320 crore is set aside to fund its long-term working capital requirements, while Rs 600 crore will be used to repay or prepay part of its outstanding debt. The remainder will be directed toward general corporate expenses,

Afcons Infrastructure share price outlook. Concerning the reasons for the weak listing of Afcons Infrastructure shares, Prashanth Tapse, Senior VPP — Research at Mehta Equities,

Ahead of its listing, shares of Afcons Infrastructure were commanding a grey market premium of Rs 20-25 apiece in the unofficial market, suggesting a 5-6 per cent listing pop for the investors.

Afcons Infrastructure Share Price, Afcons Infrastructure IPO Listing Live Updates: Afcons Infrastructure's grey market premium (GMP) is trading at a modest discount of Rs 3, setting its estimated listing price at around Rs 460 per share.

Afcons Infrastructure shares were listed at ₹426.00 apiece, a discount of 8% to the issue price of ₹463.00 per share on the NSE.

The IPO had garnered a healthy response from the investors during its three-day subscription period to conclude its initial share sale with 2.63 times subscription.

The company has fixed the IPO price at ₹463 at the upper end of the ₹440-463 price band.   The initial public offering (IPO) of Afcons Infrastructure, the flagship infrastructure, engineering, and construction company of the Shapoorji Pallonji group,

Afcons Infrastructure is set to debut its shares on the stock exchanges this Monday, with a grey market premium (GMP) of Rs 15 indicating a potential listing price of Rs 478, reflecting a 3% premium over the upper issue price of Rs 463.